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Interoperability is essential for some of the smart contracts, but it ends up undermining much of the "wealth" that's emerged because of limits. Bitcoin, Ethere
by xhkkffbf 2y ago
Interoperability is essential for some of the smart contracts, but it ends up undermining much of the "wealth" that's emerged because of limits. Bitcoin, Ethereum and many of the others depend upon scarcity for their value. If one can get all of the value from blockchain by using a level two or three side chain at a much lower price, well, that's going to start undermining the central chains. And if the central chains lose support and interest, well, their price will drop. That will drive away the greedy people (which may be good).
- k__ 2y agoThing is, the underlying central chains getting so expensive that nobody wants to use them for everyday transactions. So, offloading is the only way to make them usable again. I off-ramp only every second month because of absurd gas costs on Ethereum.
- kinakomochidayo 2y agoWhy are you using mainnet Ethereum? People are on L2s like Arbitrum, Base, etc. Less than $0.001 for gas fees
- k__ 2y agoI'm working for a DAO that's notoriously short staffed and requires votes for the change of chain.